Political leaders from across the Economic Community of West African States (ECOWAS) have resolved to harmonise budgetary and fiscal policies in order to ensure greater macroeconomic convergence across the region
Economy
Free trade in Africa promises boost to intra-regional business
Africas intra-regional trade was expected to increase by US$34.6 billion in 2022 with establishment of the Continental Free Trade Area (CFTA)
US$40 million AfDB fund supports Malawian budget
Malawi has been granted approximately US$40 million by The African Development Fund (ADF), part of the African Development Bank (AfDB), to cushion vulnerable groups from the negative impacts of recent economic reforms
Sudan puts economic hopes in US$1 billion sugar factory
Sudan has opened its long-awaited US$1 billion White Nile Sugar factory, which is expected to lift the country out of its current economic decline
Tax relief proposed to encourage South African MNC trade across continent
Experts have welcomed proposals on double taxation in the Taxation Laws Amendment Bill released by the South African National Treasury to aid the countrys multinational companies do business across the African continent